COSTS, STUDENT AID, AND SCHOLARSHIPS

For more information ontuition payment, visit:

bursar.psu.edu

FIND OUT MORE

studentaid.psu.edu

/PennStateOfficeofStudentAid@psu_osa

Phone: 814-865-6301

Fax: 814-863-0322

OFFICE OF STUDENT AID studentaid.psu.edu

UNDERGRADUATE ADMISSIONS admissions.psu.edu

COSTS, STUDENT AID,AND SCHOLARSHIPS

USEFULINFORMATION

PENN STATE WEBSITES

admissions.psu.edu: Undergraduate Admissions Office, includes information about admission requirements and the steps on how to apply to Penn State.

bursar.psu.edu: Office of the Bursar, website includes information about tuition billing and statements.

hfs.psu.edu: Housing and Food Services, the home for information about residence halls, housing contracts, and room and board rates.

lionpath.psu.edu: The University’s student information system—this is where you will be able to view your aid award once it is released.

psu.edu: The University’s main website with links to offices and resources.

registrar.psu.edu: Office of the Registrar, find information about student-centered services, including course registration, grades, academic calendar, and graduation requirements.

shc.psu.edu: Schreyer Honors College, Penn State’s honors program, which awards an annual $5,000 Academic Excellence Scholarship (for up to four years) to those offered first-year admission into the college.

studentaid.psu.edu: Office of Student Aid, includes information about financial aid including loans, scholarships, and work-study. • Applying for Financial Aid: studentaid.psu.edu/apply• Types of Aid: studentaid.psu.edu/types-of-aid

ed.gov: U.S. Department of Education

fafsa.ed.gov: Free Application for Federal Student Aid (FAFSA) on the Web.

fsaid.ed.gov: FSA ID—this site is where you create an FSA ID for access to Federal Student Aid’s online systems.

pheaa.org: Pennsylvania Higher Education Assistance Agency (PHEAA)

studentaid.ed.gov: Federal Student Aid, an office of the U.S. Department of Education—this is where you can learn more about types of aid and find information on how to repay loans and loans servicing.

studentloans.gov: Information for managing your student loans.

OTHER WEBSITES

TAKEYOU

R

NEXT STEPSWhen it comes to applying for financial aid,

there’s a lot to think about. Use the following checklist and timeline (reverse of this card) to help

guide you as you consider your financial aid options.

Financial Aid To-Do’s

Spend an hour a week searching for scholarships. It’s worth your time because the payoff may be dollars that can reduce your costs toward college. Follow the Office of Student Aid on Facebook (/PennStateOfficeofStudentAid) and Twitter (PSU_OSA) for notifications about outside scholarship opportunities.

Complete your FAFSA at fafsa.ed.gov. Submit it to Penn State by December 1 for maximum financial aid consideration.

Find a credit-worthy cosigner. You’re looking for someone who has both a good credit history and the financial resources to repay any loans you may apply for.

Financial Aid Timeline

OCT

DECEMBER 1The date the FAFSA should be submitted to Penn State by first-year admitted students for maximum aid consideration

MAY 1The date the FAFSA and state grant form must be submitted to be considered for the PA State Grant

JUNE/JULYTuition billing begins for incoming first-year students attend-ing Summer Session after a student attends New Student Orientation and registers for Summer Session classes

OCTOBER 1The first date the FAFSA is available at fafsa.ed.gov to be com-pleted and submitted

FEBRUARYFinancial aid pack-ages are released to incoming first-year students who submit-ted a FAFSA to Penn State by December 1; aid notifications con-tinue throughout the academic year

LATE JUNEAid packages are released to returning students

EARLY AUGUSTTuition billing begins for the fall semester

EARLY DECEMBERTuition billing begins for the spring semester

FEB

JUN

JUN/JUL

AUG

DEC

MAY

DEC

INVEST IN YOURFUTURE

PENN STATE UNIVERSITY PARK

ALL OTHER CAMPUSES*

* Penn State Abington, Penn State Altoona, Penn State Beaver, Penn StateBehrend, Penn State Berks, Penn State Brandywine, Penn State DuBois, PennState Fayette, Penn State Greater Allegheny, Penn State Harrisburg, Penn StateHazleton, Penn State Lehigh Valley, Penn State Mont Alto, Penn State NewKensington, Penn State Schuylkill, Penn State Scranton, Penn State Shenango,Penn State Wilkes-Barre, Penn State York, Penn State World Campus(All World Campus students pay the same tuition rate regardless of residence.)

Penn State Costs by Campus (2018–19)For Estimating Purposes Only

NOTE: Miscellaneous costs (travel, personal expenses, books, supplies, etc.) vary by individual and academic program of study.

Pennsylvania Resident

$18,454

$11,570$1,840–5,062

$31,864–35,086

Non-Pennsylvania Resident

$34,858

$11,570$1,840–5,062

$48,268–51,490

Tuition and Fees

Additional

Estimated Costs:

Room and Meals

Misc. Costs

TOTAL

Tuition and Fees

Additional

Estimated Costs:

Room and Meals

Misc. Costs

TOTAL

Pennsylvania Resident

$13,342–15,198

$11,570$1,840–5,062

$26,752–31,830

Non-Pennsylvania Resident

$21,366–24,450

$11,570$1,840–5,062

$34,776–41,082

A Penn State education is an investment in your future. Like any investment, there are up-front costs paid in anticipation of long-term gains and benefits. Student financial aid—educational loans, scholarships, grants, and work-study positions—can help with those costs.

For most Penn State students, personal savings, tuition savings plans, student summer employment, and Penn State’s payment plan, in combination with student financial aid, pay for their education.

We encourage you and your family to explore a variety of financing strategies to come up with a sound plan that will make a Penn State degree a reality for your future.

WE ARE

A COMMUNITY OF MORE THAN

78 THOUSAND UNDERGRADUATE

STUDENTSSTUDYING OVER

275 MAJORS AT

20UNIQUE CAMPUSES

ACROSS THE STATE AND AROUND THE WORLD THROUGH THE

WORLD CAMPUS, OUR ONLINE LEARNING LOCATION

To estimate your costs to attend Penn State, access the College Cost Calculator at tuition.psu.edu.

NON-PENNSYLVANIA RESIDENTS

Applying for Student Financial Aid

To be considered for most student aid, all Penn State students must complete the Free Application for Federal Student Aid (FAFSA), a form accepted universally by U.S. colleges and universities to determine a student’s eligibility for financial aid. At Penn State, submission of the FAFSA qualifies students for consideration for all four types of student financial aid—grants, loans, scholarships, and work-study.

Penn State’s Federal School Code: 003329

How Eligibility is Determined

The amount of financial aid awarded is based on the following:

• The information submitted on the FAFSA

• The information submitted on the admission application

• The amount of funding available

• The number of available endowed scholarships

• The number of students attending Penn State

The Aid Award

Student aid is awarded in the form of loans, grants, scholarships, and work study. Most students can expect to receive a $5,500 Federal Student Loan as one, if not the only, source of assistance.* Students and families are responsible for covering the remaining educational costs. This difference is generally covered by additional loans, which means your credit will be taken into account. The graph to the right shows the amount you can expect to cover each year. Parent PLUS and Private Alternative Loans are available to those who qualify.

For more information, go to studentaid.psu.edu.

Students will receive an email notification prompting them to view their Award Summary online.

*Federal loans are not guaranteed

The Bill

The Office of the Bursar, bursar.psu.edu, manages tuition billing.

The Student Account Statement will reflect University charges minus anticipated student financial aid. These charges include tuition, fees, and residence hall expenses, if applicable.

Penn State offers an installment payment plan:

bursar.psu.edu

$11,570Room & Meals

$34,858

$21,366*

University

Park Tuition

& Fees

Campuses

Tuition & Fees

$11,570Room & Meals

$18,454

$13,342*

University

Park Tuition

& Fees

Campuses

Tuition & Fees

ALL OTHER CAMPUSES Tuition/Fees/Room/Meals $24,912 Federal Student Loans -$5,500

TOTAL = $19,412

PENN STATE UNIVERSITY PARKTuition/Fees/Room/Meals $30,024 Federal Student Loans -$5,500

TOTAL = $24,524

PENNSYLVANIA RESIDENTS

PENN STATE UNIVERSITY PARKTuition/Fees/Room/Meals $46,428Federal Student Loans -$5,500

TOTAL = $40,928

ALL OTHER CAMPUSESTuition/Fees/Room/Meals $32,936Federal Student Loans -$5,500

TOTAL = $27,436

*For Pennsylvania residents, campus tuition and fees range from$13,342-$15,198. Go to tuition.psu.edu for more information.

*For Non-Pennsylvania residents, campus tuition and fees range from$21,366-$24,450. Go to tuition.psu.edu for more information.

41%

59 %

STUDENT AID FACTS

AND FIGURES

MORE THAN

1BILLIONDOLLARSTOTAL AID AWARDED

F A C T S A B O U T S C H O L A R S H I P S F A C T S A B O U T L O A N S

SOURCE OF AID: EDUCATIONAL

LOANS

70%UNDERGRADS

RECEIVEFEDERAL LOANS

FIRST YEAR

Additional Facts about Scholarships

• Approximately 15% of first-year students who attend Penn Statereceive private scholarship support from their high school, communityorganizations, church groups, local companies, or other philanthropies.

• Both Pennsylvania and non-Pennsylvania residents receive equalscholarship consideration.

• First-year students accepted to the highly selective Schreyer HonorsCollege, shc.psu.edu, are awarded an Academic Excellence Scholarshipof $5,000 per academic year.

• Typical Penn State scholarships are between $1,500 to $4,000 per year.

Facts about Loans

• Approximately 21% of families who take advantage offederal loans receive Parent PLUS loans.

• 10% of first-year students borrow private educational loans.

• The Average loan debt for Penn State baccalaureategraduates is $38,208.

UNIVERSI

TY

PARK

First-year scholarship recipients are at University Park

First-year scholarship recipients are at other Penn State campuses

ALL UNDERGRADS WHO APPLY FOR

RECEIVESTUDENT LOANS

82 %

PENN STA

TE

CAMPUSE

S

Cost of Attendance (COA) is a budget for billable expenses such as tuition and fees, room and meals (on-campus) and non-billable expenses such as room and meals (off-campus), books and supplies, transportation, and miscellaneous expenses.

studentaid.psu.edu

33%STUDENTSRECEIVEUNIVERSITY SCHOLARSHIP

FIRST YEAR

AT LEAST ONE

Grants

A sum of money granted by an organization that does not have to be repaid, typically for a particular purpose.

• Students who submit the FAFSA are automaticallyconsidered for federal and University grants.

• Note for Pennsylvania residents: Completion of the FAFSAand the state grant form by May 1 will automatically qualifyyou for consideration for a Pennsylvania State Grant.

Work-Study

Federally or state-funded on-campus employment

• Money is earned as the student works. Unlike other aid sources, work-study is not applied directly toward the tuition bill. Thestudent will receive biweekly pay and can earn pay up to thetotal of the work-study award amount.

• Average work hours per week: 15-20.

ScholarshipsA sum of money awarded on the basis of need and/or merit that does not need to be repaid.

• Penn State does not offer standard merit awards forstudents who fit particular profiles.

• All students who submit the FAFSA are automatically consid-ered for scholarships awarded by the Office of Student Aid.

• Academic colleges, campuses, and administrative units mayrequire a separate scholarship application. For more details,visit studentaid.psu.edu.

Explore Penn State scholarships and view more information about the University’s financial aid process at:

studentaid.psu.edu

KNOW YOUR

OPTIONST Y P E S O F F I N A N C I A L A I D

Loans

A sum of money that is expected to be paid back with interest.

Private Alternative Loans

• Private alternative loans are managed through private lenders.The loans are issued in the student’s name and require a credit-worthy co-signer. Eligibility, rates, terms, and conditions vary.

Federal Direct Subsidized/ Unsubsidized Loan

• Eligible students may borrow up to $5,500 in Federal DirectSubsidized/Unsubsidized Loans their first year, $6,500 in thesecond year, and $7,500 each year thereafter.

• No credit check or co-signer is required for students toborrow Federal Direct Subsidized/Unsubsidized Loan funds.Students who submit a FAFSA are automatically consideredfor the loan and must accept the loan terms in order toreceive the funds.

• Loan payments for the Federal Direct Subsidized/Unsubsidized Loan are deferred while the student isenrolled at least half-time.

Federal Direct Parent PLUS Loan

• Parents of dependent students who are eligible for a FederalDirect Parent PLUS Loan can borrow up to the student’stotal cost of attendance minus all other financial aid.

• Parents can request a deferment on the Federal Direct ParentPLUS Loan while the student is enrolled at least half-time asan undergraduate.

• Eligibility requirements, application information, and currentinterest rates are available at studentaid.psu.edu.

PENN STATE UNDERGRADUATE STUDENT AID FUNDING

0.5 %Work-Study

Total = $995 Million

25 %Grants

10 %University Scholarships

2.5 %Private Scholarships

62 %Loans

Penn State is an equal opportunity, affirmative action employer, and is committed to providing employment opportunities to minorities, women, veterans, individuals with disabilities, and other protected groups. Nondiscrimination: http://guru.psu.edu/policies/AD85.html

The University is committed to equal access to programs, facilities, admission, and employment for all persons. It is the policy of the University to maintain an environment free of harassment and free of discrimination against any person because of age, race, color, ancestry, national origin, religion, creed, service in the uniformed services (as defined in state and federal law), veteran status, sex, sexual orientation, marital or family status, pregnancy, pregnancy-related conditions, physical or mental disability, gender, perceived gender, gender identity, genetic information, or political ideas. Discriminatory conduct and harassment, as well as sexual misconduct and relationship violence, violates the dignity of individuals, impedes the realization of the University’s educational mission, and will not be tolerated. Direct all inquiries regarding the nondiscrimination policy to Dr. Kenneth Lehrman III, Vice Provost for Affirmative Action, Affirmative Action Office, The Pennsylvania State University, 328 Boucke Building, University Park, PA 16802-5901; Email: [email protected]; Tel 814-863-0471.

THIS PUBLICATION IS AVAILABLE IN ALTERNATIVE MEDIA ON REQUEST. Produced by the Penn State Department of University Marketing U.Ed. UAO 19-119 11-65M

For more information on tuition payment, visit:

bursar.psu.edu

HOW TO CONTACT OUR OFFICE The Office of Student Aid at University Park is the central administrative student aid office for the entire Penn State system. Each Penn State campus also has an affiliate office with a student aid representative.

PENN STATE STUDENT AID CONTACTS BY CAMPUS

Abington [email protected]

Altoona [email protected]

Beaver [email protected]

Behrend [email protected]

Berks [email protected]

Brandywine [email protected]

DuBois [email protected]

Fayette, The Eberly Campus [email protected]

Greater Allegheny [email protected]

Harrisburg [email protected]

Hazleton [email protected]

Lehigh Valley [email protected]

Mont Alto [email protected]

New Kensington [email protected]

Schuylkill [email protected]

Scranton [email protected]

Shenango [email protected]

University Park 814-865-6301studentaid.psu.edu

Wilkes-Barre [email protected]

York [email protected]

World Campus/ Online Education [email protected]

FIND OUT MORE

studentaid.psu.edu

/PennStateOfficeofStudentAid @psu_osa

Phone: 814-865-6301

Fax: 814-863-0322

Office of Student Aid The Pennsylvania State University 314 Shields Building University Park, PA 16802-1220

COSTS, STUDENT AID,AND SCHOLARSHIPS